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What the Surge In Construction Material Prices Means

May 10, 2021

Because coronavirus vaccine distribution is accelerating, the expectation is that worldwide demand for steel, aluminum, oil and other productive inputs will surge later in 2021. The result could be substantial upward pressure on construction input prices. 

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From the monthly archives: August 2018

We are pleased to present below all posts archived in 'August 2018'. If you still can't find what you are looking for, try using the search box.

Construction Adds 19,000 Jobs as Unemployment Plummets in July

The U.S. construction industry added 19,000 net new jobs in July after adding 13,000 net new jobs in June, according to an ABC analysis of data supplied by the U.S. Bureau of Labor Statistics. The industry has added 308,000 net new jobs since the first of the year, a robust increase of 4.4 percent. READ MORE

EPA and NHTSA Release Proposal to Revise Obama Administration Fuel Standards

On Aug. 2, the Environmental Protection Agency and National Highway Traffic Safety Administration released a joint notice of proposed rulemaking, the “Safer Affordable Fuel-Efficient Vehicles Rule for Model Years 2021-2026 Passenger Cars and Light Trucks," which would amend certain existing Corporate Average Fuel Economy and tailpipe carbon dioxide emissions standards for passenger cars and light trucks and establish new standards. The standards would cover vehicle model years 2021 through 2026.

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OSHA Redesigns Rules and Regulations Webpage

The Occupational Safety and Health Administration recently revised its Law and Regulations webpage to offer users easier navigation through OSHA standards and rulemaking. The updated webpage features more user-friendly settings, including information buttons that explain regulatory language that may be unfamiliar to some users, a list of key resources and the latest updates on active rulemaking. READ MORE

Help ABC Grow! Recommend a Prospective Member

ABC members have set the standard for safety, performance and integrity in the construction industry since 1950. After topping 21,000 members in 2017, ABC has a goal of adding 1,000 new like-minded companies committed to excellence and delivering high-value, to join in 2018. Now it’s easy to recommend a colleague at onekmoresway.org, and chapter staff will follow up to close the deal. READ MORE

Nonresidential Construction Spending Dips in June

Nonresidential construction spending contracted 1.6 percent on a monthly basis in June, according to an ABC analysis of U.S. Census Bureau data. Spending totaled $742.4 billion on a seasonally adjusted annual rate for the month, a 4.2 percent increase from the same time one year ago. Private nonresidential spending fell 0.3 percent in June, while public nonresidential spending contracted by 3.5 percent. READ MORE

ABC Calls for Expanding Apprenticeship Opportunities in Congressional Testimony

On behalf of ABC, Mike Holland, chief operating officer, MAREK Companies, testified before the U.S. Senate Committee on Health, Education, Labor and Pensions about the need to modernize and expand apprenticeship opportunities in the United States.  READ MORE

June Construction Unemployment Rates Down in 15 States Year Over Year

Estimated June construction unemployment rates fell in 15 states on a year-over-year basis, rose in 33 states and were unchanged in two states (Arizona and New Hampshire), according to an analysis of U.S. Bureau of Labor Statistics data released by ABC. READ MORE

Nonresidential Fixed Investment Surges in Second Quarter

The U.S. economy expanded at an annualized 4.1 percent rate during the second quarter of 2018—the fastest rate of quarterly growth since the second quarter of 2014, according to an ABC analysis of U.S. Bureau of Economic Analysis data. READ MORE

ABC of Florida Signs ‘Pledge to America’s Workers’ at Event with President Trump

ABC of Florida signed on to President Trump’s “Pledge to America’s Workers” at an event celebrating career and technical education in Tampa, Florida, yesterday, committing to educating and developing at least 5,000 construction workers over the next five years. ABC members attended the president’s speech on workforce development at Tampa Bay Technical High School and participated in a roundtable discussion with area business leaders convened by the White House to highlight the need to expand apprenticeship programs. READ MORE

ABC Applauds Reauthorization of Perkins Act to Drive Workforce Education

ABC praised Congress and the administration for passing a bipartisan reauthorization of the Carl D. Perkins Career and Technical Education Act, one of the key federal programs that supports vocational education programs that align with local workforce needs and lead to industry-recognized credentials. READ MORE
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